Integral launches MiFID II compliance tech

Integral, the technology partner trusted by leading banks, brokers, and investment managers to design, deliver and grow their FX businesses, announced today solutions for MiFID II compliance.

Integral will deliver its entire platform with services necessary to meet MiFID II requirements including assistance with pre-trade and post-trade transparency, surveillance, TCA, reporting, and record keeping.

“As MiFID II increases the regulatory requirements on our customers and partners, we are rapidly expanding our services and offerings to take on much of the load,” said Harpal Sandhu, founder and CEO of Integral. “The entire Integral platform, including BankFX and OCX, was already designed and delivered to meet the most demanding execution, transparency, and reporting requirements. Offering the platform and services for full MiFID II compliance is a straightforward next step.”

BankFX is the most comprehensive distribution platform enabling banks to service the widest variety of customers wherever and whenever they trade.

OCX, offering the deepest and most diverse network of FX liquidity, will operate as a registered multilateral trading facility (MTF) in Europe—providing access to transparent and compliant trading of FX forwards, swaps and NDFs.

“Integral has continued to evolve its technology as our partner for more than six years, so it’s a natural continuation to extend the platform to cover our MiFID II requirements. Our goal is to ensure MiFID II compliance so that we can focus on our expanding business without disruption,” said Rainer Bunz, Head of FX, Raiffeisen Bank International (RBI). “For us, it is critical to have an end-to-end MiFID II compliant system, which supports the Sales Dealer workflow and the Market Making and Market Taking activities of the RBI Group in a fully automated manner. So we have worked closely with Integral to ensure a seamless transition to the post-MiFID II world.”

With many firms now facing a Systematic Internaliser (SI) regime, they must do significant work to implement new obligations around their dealing practices and prove transparent and compliant trading. Integral will support SI customers and alleviate much of the regulatory burden of pre and post-trade transparency, transaction reporting, best execution, and record keeping.